🇫🇷French Source WordCode: FR

Économie formelle

Pronunciation / Transliteration: Ekonomi formel

🇬🇧 Direct English Meaning:
Formal Economy/ˈfɔːr.məl ɪˈkɒ.nə.mi/
nounCEFR C1 (Advanced)Top #15000 frequency
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🇫🇷 Example Sentence in French:

"L'économie formelle offre des emplois stables."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The part of the economy that is regulated by the government and includes all legal economic activities.

    "The formal economy provides job security and benefits to workers."
  2. 2

    Economic activities that are documented and taxed, as opposed to those that occur in the informal sector.

    "Many businesses operate within the formal economy to ensure compliance with labor laws."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'formal economy' originates from the Latin word 'formalis', meaning 'pertaining to form', combined with the Greek word 'oikonomia', meaning 'management of a household'. Historically, it evolved to distinguish between regulated economic activities and informal or unregulated ones.

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